Used in the synthesis of flavor and fragrance compounds, particularly in creating vanilla-like aromas due to its structural similarity to vanillin. Commonly employed in perfumery for its sweet, balsamic, and slightly spicy notes. Also serves as an intermediate in the production of pharmaceuticals and agrochemicals, where its aldehyde group allows for easy functionalization into more complex molecules. Its methyl and methoxy groups enhance stability and influence reactivity in organic transformations.